Looking to diversify beyond SWYLX? The mutual funds below have historically moved differently from SWYLX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SWYLX
0 mutual funds have low correlation with SWYLX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) (Total Bond Market) with a 1Y correlation of 0.52, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Investment-Grade Fund Institut... | 0.52 | 0.44 | 0.44 | 74 | Total Bond Market | SWYLX vs VFSIX | |
| Vanguard Equity Income Fund Admiral Shares | 0.65 | 0.69 | 0.72 | 84 | Dividend, Large Cap Value Equities | SWYLX vs VEIRX | |
| American Funds American High-Income Trust® Class R... | 0.70 | 0.64 | 0.63 | 75 | High Yield Bonds | SWYLX vs RITGX | |
| Schwab Fundamental US Large Company Index Fund | 0.78 | 0.79 | 0.81 | 96 | Large Cap Value Equities | SWYLX vs SFLNX | |
| Fidelity Low-Priced Stock Fund Class K | 0.78 | 0.77 | 0.78 | 77 | Mid Cap Value Equities | SWYLX vs FLPKX |
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